S.Africa transport strikers may return Friday -union

JOHANNESBURG, May 19 (BestGrowthStock) – Striking South African
transport workers could be back at work as early as Friday if
they accept a deal reached with logistics group Transnet
[TRAN.UL] early on Wednesday, a union official said.

Chris de Vos, General Secretary at the United Transport and
Allied Trade Union (Utatu) said his union and the South African
Transport and Allied Workers Union (Satawu) will approach their
members on Wednesday to get a mandate to sign the deal.

“We firmly believe that this agreement will be signed
(Thursday) afternoon … Friday is the earliest we could get
them back at work,” he said.

The strike, now in its second week, has dented exports of
metals, fruit and wine to Europe and Asia and hit imports of
automotive parts and supplies of fuel. Two-thirds of Transnet’s
workforce have been on strike since Monday last week.

Stock Market Research

(Reporting by Agnieszka Flak; Editing by Matthew Tostevin)

S.Africa transport strikers may return Friday -union